Tredje AP fonden Has $2.71 Million Holdings in CMS Energy Co. (NYSE:CMS)

Tredje AP fonden trimmed its position in shares of CMS Energy Co. (NYSE:CMS) by 1.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,471 shares of the utilities provider’s stock after selling 717 shares during the period. Tredje AP fonden’s holdings in CMS Energy were worth $2,707,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC increased its stake in CMS Energy by 0.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 20,607 shares of the utilities provider’s stock valued at $1,228,000 after acquiring an additional 192 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of CMS Energy by 9.6% during the 2nd quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock worth $139,000 after buying an additional 205 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of CMS Energy by 6.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider’s stock worth $224,000 after buying an additional 236 shares in the last quarter. Parallel Advisors LLC boosted its stake in CMS Energy by 19.8% in the fourth quarter. Parallel Advisors LLC now owns 1,458 shares of the utilities provider’s stock valued at $85,000 after buying an additional 241 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC boosted its stake in CMS Energy by 6.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 4,201 shares of the utilities provider’s stock valued at $250,000 after buying an additional 265 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMS has been the subject of a number of research reports. Barclays increased their target price on shares of CMS Energy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 13th. KeyCorp raised their target price on shares of CMS Energy from $68.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley upped their price target on shares of CMS Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Scotiabank increased their price target on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Bank of America boosted their price objective on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $67.75.

CMS Energy Price Performance

Shares of CMS opened at $69.23 on Friday. The business has a 50-day moving average of $66.07 and a 200-day moving average of $62.18. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 2.75 and a beta of 0.40. CMS Energy Co. has a 1 year low of $49.87 and a 1 year high of $70.74.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business earned $0.75 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.95%. CMS Energy’s payout ratio is currently 62.80%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.